Foldable solar panels are a type of portable solar panel that can be easily stored or transported due to their ability to fold up. They are popular among hikers and campers who need a reliable source of power for their devices while on the go. Larger foldable solar panels are also commonly used to charge devices inside recreational vehicles (RVs).
According to a report by market research company MarketsandMarkets, the portable solar panel market is expected to grow from $704 million in 2020 to $1.7 billion by 2025, representing a compound annual growth rate (CAGR) of nearly 20%.
In recent years, startups such as Jackery and Renogy have emerged as popular sellers of foldable solar panels. In fact, one particular foldable solar panel has generated approximately $69K/month on Amazon, highlighting the growing demand for this product category.
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Foldable solar panels are part of the larger trend of portable solar panels. While portable solar panels have been popular among campers and hikers for years, they are now gaining popularity among remote workers who want to work from remote locations or while on the road. This trend is often referred to as “vanlife,” and involves living and working out of a van or other mobile vehicle.
As a result of this trend, search interest for portable solar panels has been steadily increasing over the last five years. With more people looking for ways to work and live remotely, the demand for portable power sources such as foldable solar panels is likely to continue to grow.
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